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ABC
Nov 29, 2012 1:40am PST
. more high level meetings today. treasury secretary tim geithner, kind of obama's negotiator man at the table. see if they can make any headway. >>> art, later this half hour, she's 50, he's 26. demi moore has a new younger man in her life. who she is dating now coming up "the skinny." interesting choice. seeing how the last relationship turned out. >> all you need to know his last name is schnabel. >> not making that up. we are not making that up. >> no. >>> but first, we begin with breaking news, powerball officials are making it official this morning. two jackpot tickets sold for last night's lottery, one in missouri and one in arizona. >> missouri and arizona. congratulations. get this. by the time of the drawing the jackpot was worth $580 million. so we should mention the winning numbers right now, here they are, 5, 16, 22, 23, 29, and the powerball, my personal favorite number, 6. abc's steve osunsami got an inside look at where the winners were picked. >> reporter: buying lottery tickets like never before, more than 189 million powerball tickets sold in this final rush. >>
MSNBC
Dec 2, 2012 12:00pm PST
republicans want to draw president obama into these negotiations. they want these to be about boehner and obama. last time it happened was the 2011 debt ceiling negotiations and that didn't really turn out so well. >> why would that be their aim? >> they want to make this about the president and boehner. and they think they can get a better deal that way. the pro who white house strategy is to have this happen at the staff level and the president float above it and go out and make his case to the country. as he did later in 2011 on the extension of the payroll tax holiday. they really feel that the more they have, the president sort of down on boehner's level, the worse things are going to go. >> anna marie, i want to get your take on something that democratic senator claire mccaskill said on "meet the press," about the choice that republicans face. take a listen. >> they're going to get stuck with a raising of the rates of the top 2%. either in a very painful way. or in a way that we can all suffer a little bit. address all three legs of the stool. entitlements, cuts, and revenues, i
MSNBC
Nov 30, 2012 3:00am PST
in it. we're used to obama negotiating from a position of compromise first. this is clearly -- >> that's just not true. that's nonsense. >> this is the important part. >> no, that's nonsense. >> this is the important part. >> i've been hearing since the election, oh, the president has to be tougher this time. where was everybody the first two years of his presidency where he shoved his health care plan down republicans' throat? he made sure he got it without a single vote. is that compromise? >> i don't want to get sidetracked -- i could, i guess. with respect to this, though, it seems pretty clear to me that what we're going to end up have happening here is that republicans now will come back and say one of two things. one, rip all the stimulus out of this proposal, and that includes mortgage relief, the $50 billion that you talked about. that includes all the additional spending in there. and then we can start talking. or two, let's get that $1.6 trillion in tax hikes down closer to $800 billion in tax hikes. and either way, boehner gets to go back to his caucus and say, i scored ver
MSNBC
Dec 5, 2012 9:00am PST
negotiations rewind to 2011 when boehner and president obama came within inches of a grand bargain, a deal that would have forced both democrats and republicans to eat their vegetables. in its comprehensive analysis of what happens during the secret negotiations, matt bai wrote -- the deal unraveled in large part because speaker boehner could not get his unruly caucus to go along with raising new revenue. fast forward to this year and republicans now think that deal, the one they walked away from, sounds pretty good. they're using it as a basis for their current proposal. only problem. boehner had his chance. president obama now thinks he has the upper hand. according to the "washington post's" ezra klein, quote -- >> joining us now representative chris van hollen of maryland, ranking member of the house budget committee. great to have you on the program. >> great to be with you, alex. >> let's talk a little bit about 2011 versus 2012, which is to say, the republican party is a very different negotiating position than they were last year and as ezra outlines, it sounds like john boehner wo
MSNBC
Dec 3, 2012 11:00am PST
. president obama scarred by failed negotiations in his first term and emboldened by a clear and close election to a second term has emerged as a different kind of negotiator. you know the criticism regarding the democrats not to stand united as a strong fist in the past with different negotiations. are we seeing a different strategy this time around where you put it all on the table and force the republicans' hand? >> well, the difference is, tamron, we just came out a presidential election where the issues we're talking about are central to the campaign. it wasn't a secret he thought we should have a balanced approach to look at the deficit and higher income individuals need to pay more. if we don't ask, everybody else is hit harder. the president is coming off a victory, and it's very clear that on this specific issue the overwhelming majority of the american people support him. so that's a big difference. as we come to the end of this fiscal cliff, republicans have to choose. do they call for $5 trillion in tax increases over the next ten years or are they going to allow the middle
MSNBC
Nov 29, 2012 6:00am PST
that a democrat has won for re-election in the last 100 years. with the so-called fiscal cliff looming mr. obama sends chief negotiator treasury secretary tim gheiter for individual meetings with each member of the conditioningal leadership which includes speaker john boehner, perhaps the most important player here. the meetings mark the beginning of the real negotiations. that doesn't mean the posturing stage is behind us. one capitol hill veteran, former fdic, sheila bair, a long-time staffer by the way who butted heads with geithner in the past, made this interesting observation to david gregory about tim geithner saying he's not the right guy for the white house to be sending in for these talks. >> do you think tim geithner, secretary geithner is the right person to lead the negotiations for the administration sf. >> i don't know. i don't think this is tim's strong suit. i think tim was given the job of treasury secretary because he understood the banking system. he's not a budget guy. he's not a tax guy. he's never really worked in this sphere. >> geithner is leading these talks for two rea
MSNBC
Dec 3, 2012 9:00am PST
the last few years is in the negotiations with president obama. they've held a hard line to the very end including during the debt limit where john boehner is allowed to say he got 98% of what he wanted. what you have to look for is the splinter that tom cole started last week, heard mr. chris toll say about how the president has an effective bully pulpit he can go around the country and say 98% of americans with a tax cut under my plan, trying to save it for the rich. republicans are coalescing around, if anything, is this idea that in order for the president to move on entitlements, they got to hold this hard line on the bush tax cuts for 250 or above. they don't want any deal that doesn't have to pertain to entitlements. that's why you're seeing the saber rattling that we thought would only be in november continue into december. as of right now there is no clear way forward talking to both sides. >> the -- michael steele, the saber rattling has reached an almost deafening pitch, i think. maybe on both sides. i wonder, you know, from your perspective is bill crystal and tom cole ultima
MSNBC
Dec 2, 2012 9:00am PST
. >> thank you. >>> front page politics now. the man chosen by president obama to play a key role in the intense fiscal cliff negotiations is putting blame on the gop. here's timothy geithner on "meet the press." >> the only thing that stands in the way of a deal right now is if a group of republican members decide they are going to block a deal because they want to extend tax cuts. what you can expect from the and the a willingness to sit down and explore what the best way to get through this is. it's in the interest of the american people. >> that was followed by a fierce response from grover norquist, the man behind the no tax hike pledge embraced by many in the gop. >> every republican who had impure thoughts has to go back to the drawing board. they have just been told there are no real reforms in this budget. $1.6 trillion in tax increases. >> joining me is eleanor cliff and david dreker thank you for being here. so eleanor, we have timothy geithner who says there will be a deal before the end of the year but it doesn't look like anyone is willing to budge. is that your take
CNN
Nov 29, 2012 4:00am PST
. the starting point today, the negotiator. the president sending timothy geithner to capitol hill in hopes of getting the fiscal cliff deal done before everyone's taxes go up. >> consolation lunch? president obama visits mitt romney to the white house today and everyone is buzzing about it. could obama offer him a job? >> congratulations to someone. you just won the gdp of a small nation. not just one but two winning tickets in last night's record powerball drawing. we'll tell you where. >> and if they will be my best friend soon. we have a packed show. john ba, rasso, adam shif, rick warren, tom cole, connie and mary bono mack and steven holcomb. >> we have so many people coming up. it is thursday, november 2. "starting point" begins right now. >>> good morning, everyone. our starting point this morning, developments happening now in cairo. the u.s. embassy there is closed. no one is being allowed in or out as we speak. >> embassy officials say protesters are blocking the entrance and clashes are happening near nearby. reza sayah is nearby for us. what's happening? >> reporter: there is n
MSNBC
Nov 29, 2012 11:00am PST
narrative of punishing success. what role is mitch mcconnell going to serve in these negotiations at all? >> he'll play a very key role. although you really have to keep in mind the final deal is really going to be struck between president obama and speaker boehner. and those are really the two people to watch. and their staffs right now. of course, mitch mcconnell will play a key role in bringing around senate republicans, excuse me. but it's really between the house republicans and the white house at this point. you know, we have to watch and see what they do. i think there's a lot of public posturing. but i do think that all these people have been at this table before. they're very familiar with the contours of what they will agree to from the debt ceiling negotiations. and so it's really just a matter of getting closer and closer to that deadline, having the markets start to freak out and then realizing that they have to come up with something. >> seems like there's a lot of public theater going on with this one. >> quickly on michael's point, if the mandates for compromise, accusing
CSPAN
Dec 5, 2012 8:00pm EST
, a bloomberg government former members of both parties said negotiators should be able to reach an agreement. in an hour, president obama speaks to ceo's at the business roundtable, followed by news conferences with house speaker john boehner and minority leader nancy pelosi. >> the supreme court will look at what was passed in 2008 by a majority of six-three, i believe, and they will say that is precedent. indiana had a voter i.d. -- >> they decided on the indiana case, it was constitutional for them to establish id they did not say all of that was subsequently -- >> they talked about indiana. you misrepresented what i said. the supreme court is the law of the land. >> when i hear these accusations that black people voter i.d. loss disproportionately affect minorities -- implies to me that somehow we have something missing in our brain. as -- if white americans can get id to vote and go through all the processes to follow the laws, what are you telling black people? that somehow they are not good enough? that is what bothers me about a lot of the rhetoric coming from democrats and the left.
CSPAN
Dec 6, 2012 1:00am EST
. >> as these fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem, it has a spending problem. and under this administration, under president obama, we have seen record deficits and a record debt accumulate, and yet he keeps demanding that we raise taxes to pay for more spending. this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. this is our opportunity to do the big things. this is our moment to provide that leadership that america desperately wants and we stand here ready to take the action necessary. >> the american people are hurting right now and now is the moment where we need to step up to the plate and solve the problem. i don't know how any of us can look our kids and grandkids in the
MSNBC
Dec 5, 2012 3:00am PST
made a real legacy that said i accept the debt deal that obama and i are negotiating which is essentially his opening offer now? wouldn't that have been the legacy that he could have rested his hat on? >> it would have been interesting. he essentially attempted to be a representative of his caucus rather than a leader of his caucus. >> exactly. >> it would have been interesting. i think he could have either been a great leader or burned and gone -- been taken down. it was a 50/50 proposition. >> all right. matt lewis, thank you so much. >> thank you, matt. >> fascinating. incredible read, "herding cats." >>> still ahead -- it's just cruel. i felt bat readid reading it. you know where i stand. >> cures cancer. >> let's see. >> okay. >>> coming up, we're going to bring in republican congressman tom cole who broke ranks with his party over the tax debate last week. can't wait to talk to him and get his insights. also, we'll be talking foreign policy with national security adviser dr. brzezinski. keep it right here on "morning joe." music is a universal language. but when i was
MSNBC
Nov 30, 2012 6:00am PST
. >>> president obama made the opening bid in the fiscal cliff negotiation sending his plan to capitol hill on thursday. $1.6 trillion in tax hikes and $50 billion in new spending. but house republicans, surprise-surprise, say democrats aren't being serious. >> the president has warned us about the dangers of going over the fiscal cliff. but his actions have not matched his public statements. members of his own party seem quite comfortable sending the economy over the fiscal cliff. >> let's bring in our friday gaggle, associate editor and columnist for the hill amy stoddard, danielle gibbs, and columnist for bloomberg view and national review and one of the funnier people on twitter and he did not pay me to say that but i will start with you. so we kind of feel like we're back to square one. should republicans having seen them lose the presidency by a wider margin than many people thought lose seats in the senate which i don't think almost anybody -- unless you're a loyal democrat thought, and lose seats, though, to keep control of the house three and a half weeks ago. should they be more w
CSPAN
Dec 3, 2012 8:00pm EST
discuss a little -- the latest with the fiscal cliff negotiations. republicans and joined obama to extend the bush era tax rates. first time university law professor looked at the history of the alternative minimum task -- tax. cluster e-mails, phone calls and tweets. tuesday at 7:00 a.m. eastern on c-span. more about the tax loopholes and deductions that could be involved in negotiations over the fiscal cliff. from our special washington journal series, this is 50 mins. >> we turn our attention today to deductions and tax -- tax loopholes. joining us to talk about this is john mckennan, thank you for being here. what are loopholes and deductions? we hear those words a lot. guest: loopholes or tax breaks of all different sorts. whether you like a particular loophole or not depends on where you sit. there are lots of loopholes that are deductions. deductions are the ones most people are familiar with. the big itemize deductions are things like a home mortgage interest deduction. there is one for state and local taxes that is very important. the deduction for charitable contributions. then
Current
Nov 28, 2012 5:00pm PST
a solution for president obama this time around. mr. president, turn the tables on him speaker boehner that is. we all recall the trap that the white house fell into last year, letting negotiations over the potential government shutdown be concluded only to be held hostage again when the republicans then refused to raise the debt ceiling without getting additional concessions. it was, as congressman welch said it was professional malpractice not to wrap the debt ceiling into the first round of negotiations. so don't do it again. the debt ceiling will necessarily and inevitably be hit and breached early next year. yet when president obama told speaker boehner at their november 16th meeting to raise the ceiling by year's end boehner said there is a price for everything. no, there doesn't have to be. sometimes what is necessary and good policy should just be done. the ceiling will be breached because of the fiscal track we're on and agreeing to the expenditures and revenues that are now in place the debt ceiling will be exceeded because of the boehner's policies, policies that have driven
MSNBC
Nov 28, 2012 7:00pm PST
republicans and he's really tried in these negotiations to signal to his base, we've got to be tough, put obama care on the table. that's the line he has to walk and he has to get other members of the party to essentially set expectations for people that they're going to have to give on things they don't want to. >> ryan, are we hearing any house republicans saying no way, we should not compromise? >> sure, and rand paul on the senate side who speaks for a lot of tea partiers said that today. said we shouldn't compromise. shouldn't even compromise on deductions. i thought your kremlin analogy was pitch perfect. there's a lot more going on and the last couple of years, there's been a ton of pressure from rank and file republicans on leadership saying look, we're getting killed at home over these millionaire tax cuts. why don't we just take what charles schumer offered, extend it for everybody but a million above and get this off the table and move on. leadership was able to unify their conference the last two years around no tax cuts for anybody at any time, but now that tom cole is out no
CNN
Nov 29, 2012 2:00am PST
not be out the road campaigning but back here in washington negotiating. >> dan, i will ask you to look into your crystal ball. president obama is meeting with mitt romney later today. do you have any idea what they plan to discuss? >> you know, there's a lot of speculation about governor romney playing a role in the administration. but the president himself, during his victory speech after he was re-elected talked about wanting to sit down with mitt romney to talk about ways of moving the country forward. during his post re-election news conference, the president was asked about what roles he could play or if -- what the president hoped to gain from him. the president talked about how mitt romney did a good job with the olympics, and he thought in turning around the olympics, some of that could be used to streamline government and make it more user friendly. that's what we expect for the president to be discussing with mitt romney when they sit down today for lunch at the white house. of course everyone is speculating about some possible role he could play in this white house. it's int
MSNBC
Nov 29, 2012 5:00pm PST
obama holds the high cards and the public is likely to blame republicans if negotiations blow up and the new year begins with a fiscal disaster. the facts didn't stop speaker boehner from claiming the white house is holding up negotiations. >> majority leader and i just had a meeting with the treasury secretary. it was frank, and it was direct. i was hopeful we'd see a specific plan for cutting spending. >> the treasury secretary's proposal seems pretty specific. it even includes $400 billion in specific cuts. but john boehner sees something different. >> we know what the menu is. what we don't know is what the white house is willing to do to get serious about solving our debt crisis. >> so what is this all about? i mean, i guess john boehner has his own definition of specifics. according to the john boehner dictionary, specifics means, having all the attributes john boehner agrees with and nothing he doesn't like. keep in mind, this is the same boehner who said $38 billion in cuts was the largest real dollar spending cut in american history. when boehner got those cuts last year
MSNBC
Dec 4, 2012 3:00pm PST
.com/pricerewind. >>> today in his first interview since winning re-election, president obama talked about the fiscal cliff standoff. he put his foot down on what is negotiable and what is not. >> we have to say the rates on the top 2% go up. and we're not going to get a deal without it. understand the reason for that. it's not me being stubborn. it's not me being partisan. it's just a matter of math. i'm happy to entertain other ideas the republicans may present, but we are not going to cut our way to prosperity or cut our way out of the deficit problem we have. >> so, are we on the verge of something big, something that could really change our politics? joining me now, senator barbara boxer, democrat from california and whip of the senate. thank you for being on the show. >> i love being on your show. thank you. >> if the gop agrees to tax increases, how important might that be in terms of showing they actually are capable of working with the president? >> you know, the way they raised the question, if they agree to tax increases, they claim they're willing to do these loop-hole closers but the differenc
ABC
Nov 29, 2012 7:00am PST
to win the powerball, attention, now, turns to washington, where negotiations are beginning in earnest, to avoid that so-called fiscal cliff by year's end. conservative congressman, tom cole of oklahoma, came out yesterday in support of president obama's plan to keep middle-class tax cuts on the books. saying tax breaks for the wealthy could be negotiated later. but house speaker john boehner disagrees. saying, that would hurt the economy. >>> if you know someone looking for a job, perhaps have them pick up a hammer and tool set. a new report says the construction industry lost nearly 2 million workers during the recession. but now that the housing industry is starting to bounce back, a few of the workers have returned. "usa today" reporting, texas, arizona, iowa, florida, are especially in need of such workers. >>> we're just getting new video of actress lindsay lohan, covering her face with a jacket after being arrested in new york. she's accused of punching a woman in a nightclub. she faces third-degree assault charges. >>> amanda knox is telling her story in a new memoir, more than
MSNBC
Nov 28, 2012 11:00pm PST
take president obama's view, extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris kearns goodwin joins us. >>> let me finish with how lincoln outlawed slavery for good and how he did it using politics. this is "hardball," the place for politics. >>> how's this for irony? mitt romney has finally captured 47% of america. remember this video that sunk the romney campaign? >> there are 47% of the people who will vote for the president no matter what. 47% who are with him, who are dependent upon government, who believe they are victims, who believe the government has a responsibility to care for them. >> well, the cook report points out romney shared a popular vote of this country has fallen to, you guessed it, 47.4%. as expected to fall further, and settle at the 47 mark, exactly. we'll be right back. [ woman ] . progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your wo
CNN
Dec 4, 2012 4:00pm PST
spark when it came to negotiating a deal to avoid the fiscal cliff, which is the christmas present the country needs. today we heard president obama's response to the proposal that house speaker john boehner put on the table yesterday. >> the speaker's proposal right now is still out of balance. >> of out of balance. kind of similar to what republicans said last week when the president sent over his terms. so now what? will they sit down and talk it through? well, not according to at least one senior republican aide who told cnn today, no conversations today, no e-mails, tweets, carrier pigeons. as for boehner and obama, they actually did see each other in person at the white house holiday party last night in black tie. while other lawmakers waited in line to get the photo with the president, multiple sources from both sides of the aisle tell cnn that boehner wasn't among them. so much for holiday cheer. we have this picture. we're wait fworg the day there's a fiscal cliff. there wasn't total silence in washington today. senate majority leader harry reid spoke up. but in his case,
CSPAN
Nov 30, 2012 9:00am EST
communities. as president obama and congressional leaders continue to negotiate ways to avoid the fiscal cliff, the congressional black caucus will adhere to the following principles in considering its support of any agreement. first, we must protect our social safety net. social security should be completely off the negotiating table since it doesn't add to the deficit. additionally, the congressional black caucus will oppose any plans that changes eligibility for medicare. investments in job training, education, health care, transportation and infrastructure should not be cut to pay for the extension of any of the bush-era tax cuts. these vital government investments are critical to our nation's short-term recovery and long-term economic prosperity. the simpson-bowles commission set a goal of $4 trillion in deficit reduction over the next decade. considering that goal, $1.5 trillion in cuts have already been agreed to through the spending caps in the budget control act of 2011. nondefense discretionary spending as a percentage of g.d.p. is at a 50-year low. additional savings through militar
CNN
Dec 4, 2012 1:00pm PST
talks, direct face-to-face negotiations between the israelis and palestinians will get off the ground? >> it's possible. we've discussed this many times, wolf. most of the time we've been talking about the latest impact. but president obama has been re-elected here in the u.s. i know he feels deeply about this issue. he regards peace between israelis and palestinians as a genuine strategic interest of the united states. and we're going to have i think a fresh opportunity to go back to this issue to try and grip it and frame it in the right way and we've got to try. i always say to people, we spent decades trying and failing in northern ireland and finally we got a process that worked. there isn't an alternative except to come back and try again. and that's what we've got to do. by the way, as the region is in turmoil, although in one sense it becomes harder for the parties to see their way through, it's more important that the israeli-palestinian issue is put in a place where there's hope and progress. because it could, especially with the other changes in the region, get mixed up in
CNN
Nov 30, 2012 4:00am PST
them. >> ahead on "starting point" not a good sign when your big negotiator for the fiscal cliff literally gets laughed at. what's the next move for the obama administration? we're going to talk to harvard economics progresser ken rogoff. >> we know the identity of at least one of the two big powerball jackpot winners. we'll take you to mark hill's hometown dearborn missouri coming up. bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. no, no, no, stop! humans -- one day, we're coming up with the theory of relativity, the next... stop, stop, stop! my car! not so much. but that's okay. you're covered with great ideas like optional better car replacement from liberty mutual insurance. total your car, and we give you the money to buy one a model year newer. learn about it at libertymutual.com. liberty mutual insurance. responsibility -- what's your policy? a hybrid? most are just no fun to drive. now, here's one that wil
CSPAN
Dec 4, 2012 12:00pm EST
leaders and governors and others who have a stake in the process and the outcome of the negotiations, but as secretary geithner said over the weekend, as, i think, president obama conveyed in the interview today with bloomberg tv, he remains confident we can get this done. he remains optimistic that once republicans accept that there is no deal without an acknowledgement and acceptance that rates have to go up on higher end earners that, well, we can find a compromise here that resolves the fiscal cliff and takes a very important step towards the kind of broad balanced deficit reduction package that do enormous good to the economy. the kind of package i should not leave out with targeting investments so the economy continues to grow and create jobs. as i said on occasions, deficit reduction in and of itself is not a goal, but part of the plan that is focused on economic growth and job creation. president's very focused on that. jay? >> just a second ago, you referred to how the debt ceiling, taking it off the table, needs to be part of the deal. you referred to the economy, you calle
CSPAN
Nov 28, 2012 8:00pm EST
bargaining position with president obama if they were to give taxpayers an early christmas present, vote to stepped the bush tax cuts all but the highest income earners and negotiate later about the highest -- about the very top bracket. that sounds like a way out of this corner the republicans have painted themselves into. >> it's an interesting tactic or strategy. the challenge is >> you're not against >> two things. by announcing -- we are trying to decide how to cut spending and we have a spending problem not a failure to raise taxes problem. and i think we should be focused on spending and when you have chambliss, four or five congressmen have said, we could raise taxes here and there. to be fair to them, someone like south carolina lindsay graham said i would raise taxes a little if i could get a guarantee of entitlement reform, a series of things democrats will never give them. when the "new york times" or cbs reports that conversation or talk by lindsay graham, they said if he said i would be willing to raise taxes, the rest of the conversation disappears. so the challenge for co
CSPAN
Dec 3, 2012 5:00pm EST
of the history of the alternative minimum tax and how it is being dealt with in negotiations. plus, your tweets, phone calls and e-mails. that is live tomorrow morning on "washington journal" on c-span. a closed-door briefing earlier today to outline the proposal of president obama for the so- called fiscal cliff. what is the proposal? >> the top line #would be about $2.20 trillion in the budget control act. and they say compared to what the white house put out, the white house says it offers $4 trillion when using the same accounting as the white house, it would be about $4.60 trillion over 10 years. republicans say it would come from tax reform, but not to increasing tax rates. that has been a sticking point thus far in negotiations. >> you are talking about the bush tax rates? >> all of the bush era tax rates would be extended into next year and that would start the process for tax reform. it would be in the tax reform process that there would generate -- and they would generate $800 million -- $800 billion in revenue. and they say the $800 billion could be raised without raising tax rates,
CSPAN
Nov 29, 2012 8:00pm EST
somewhere from our republican colleagues to show that they are serious on negotiations. >> three weeks ago the american people went to the polling places and they sent a message. democrats from president obama to our senate candidates on down built their campaigns around the idea that budgets have to work for our middle class and that the wealthy need to pay their fair share. republicans were clear too their to protect the wealthny and it was rejected. the american people voted for the candidates who committed to fighting for the middle class and in exit polls they agree that the wealthy have to participate and pay their fair share. here we are at the end of the year and it's encouraging to hear some of the republicans soften on taxes on the rich. before the election republicans proudly fought to protect the rich from paying a penny more in taxes. grover nor quist ruled the day. but that election is over and we are hearing republicans renounce that once sacred pledge. we are hearing them talk about putting revenue on the table and about compromise which and we heard from one conservative r
MSNBC
Nov 29, 2012 3:00am PST
the phone conversation with obama was a little more terse. we went from being down 100 to up 100. we haven't had that kind of swing in over a year. we are laser focused on d.c. and those negotiations as usual. >> brian brings up 2.7 number, steve rattner. i guess you look at the numbers and you compare them to where we were at points in the '80s, the '90s, even 2004, 2005. it may not look good. compare that number to the rest of the world, suddenly the u.s. economy is looking pretty damn good by comparison to other countries. >> it actually feels like the economy is gathering steam. these kind of revisions help you feel that way. sandy is an aberration in the unemployment numbers as brian said. essentially we look at housing, consumer spending. the economy is on a pretty good track. the question is whether we go over the cliff at the end. >> joe, i just will say, there's kind of an underlying sense that if we get the right deal -- and i think all of us sort of know what that includes, that we are kind of spring-loaded for serious growth. the consumers have already spoken in terms of holida
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